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201505950
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Last modified
7/21/2017 8:02:06 AM
Creation date
8/31/2015 3:17:47 PM
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201505950
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��15�5�5� <br /> Securi���nstrumen�whether or not�he sums are�hen due. <br /> �f ti�le Proper�y is a�a�ldoned vy Bo�r�wer, or if, af�er natice vy Lender �o Borrowe�• that the Oppos�ng <br /> Party �as defined rp the next �entence} off�rs to make an award to s�t��e a claim far damages, Barro�er fails to <br /> �respond to Lender within 3� days afte�r the date th� no�ice is given, Lendex• is authori2ed �o c��lect and app�y <br /> �he Miscellan�ous Pt�ocecds ci�her �o �res�oration or r�pair of thc Prflpcz,ty �r to �he surns se�ured by this <br /> Se�u�`�ty Zns�t•urnen�, whethe�• a�• noti �hen due. "�ppasit�g Par�y" means tih� thir� paxty tha� ov�es Borrower <br /> Mxsce�laneous Proceeds a�r �h� pa�r�y agaxns� v�hom Borr�wer has a righ� af a��ion in �regard to Miscellaneous <br /> P�roce�ds. <br /> Boxrowe�� sha�� be in �efault if any actian or praceeding, v�he�her C1V1� �r c�iminal, zs Uegun that, in <br /> Lender's jud�men�, could result �n farfei�ure af the Praper�y or o�her material impairment af T.�e�d�r's �nteres� <br /> in�he Proper�y or xigh�s under�his Security�ns�rumen.�� Bo�rra�ver can cure such a defauit and, if acceiera��o�a <br /> has oc�urr��, re��s�a�e as pr�vided in Sec�ion �9, by causing the a��ion or proceeding to be disrnisscd with a <br /> �uling tha�, zn Lender's judgmen�, preeludes farfei�u�e af the Proper�y o� o�her ma�e�ial impairment oC <br /> Lender's in�erest in the Praperty or rights under�his S�curity Instrumen�. The proceed� of any av�ard ar claim <br /> for dam�.ges tha� are at�ributable�a the impairmen�of Lend�r's interest zn the Prope�ty a�re her�by assigned atld <br /> shall be paid�o Lender, <br /> AlI Miscellaneous Fro�eeds that are nat applied t� xes�oratior� ar repaz�r or the Praper�y shall be appli�� in <br /> the order provided far in Sec�ion 2, <br /> 1Z. Eor�ower No�R�leased; F�rb�arance By Lender Not a �Vax�ver. Ex�ensinn �f tihe�ime f�x payrnen� <br /> or modifica�ion af .amor�iza�ion of �he s�ums secured by �his Security rns�xurnent gran��d �y Lender �� <br /> Borrovver ar any Succ�ssar in Interest al Barrower sha�l nat aperate to r�l�as�the liability of Bnrr�u�e�r ar any <br /> Successors in I��erest of Borrovver. Lender shall no� be required to commence proceedings against any <br /> Successnr in In�eres� of Borrower or to refus�to ex�end time for paymen�a�r otherwise modify amor�iza�io�a �f <br /> the sums secured b�this Security rnstrum�nt b� reason af any demand made Uy th� or�g�z�a� Borrawer or any <br /> Successars in In�erest of Barrower. Any forbearance by Lender in exercising any r�gh� or remedy including, <br /> wi�hou� I�m.itat�on, Lender's accep�ance of payments f�om thxrd persons, entit�es or �uccesso�rs fn rn�erest of <br /> Borr�vver o�xn amaun�s less than�he amoun��hen due, shali no�be a vvai�er of�r��rcGlude�he exercise of a�.y <br /> �-igl��or i•e�nedy. <br /> 13. Jaint and Severa� L�ab���t�; �o-sxgner�; Succ�ssors and .�.�sxgns Found. Borrov�er covenan�s and <br /> agrees ��.a� Borrower's obiigations ar�d i�ab�l�ty shaX� be jaxn� and several, However, any Bflrraw�r v�h� <br /> co-signs thzs Secuxi�y Ins�rumen� bu� does no� execute th�Na�e �a "co�signer''�: �a� is �o�signing this Se�u�'��;y <br /> Instrument only�a mar�gage, grant and convey the co�s�gner's in�erest �n �he Praper�y under �he �e�ms of�his <br /> Security �nstr��ment; �b� is not pers�nal�y ob�igated 1.a p�.y �he sums s�cured by this Secur��y �ns�rumen�; and <br /> �c} agre�s �ha� Lender and ar�� other Borrower can agree to e��end, modify, forbear or ma�Ce an� <br /> accnmmodatians vvith regard to th� tertns of�his Securi�y Insi;rum�n� or �1�� No�e wi�haut the ca�signer"� <br /> �onsen�. <br /> Subj ec� to the pr��isions �f Sec�ion 18, any 5ucces�or in rnte�es� of Barra��ver vvho assumes Borrawer's <br /> ob��gat�o�s ur�dcr thzs Sccurz�y �nstrumon� z�. wrzting; and �s appr�v�d by Lende�r, sha�] obtain alI af � <br /> Ba�rrowex•'s rights and b��ef�ts under this Secuz•��� I�istrum.�n�. Borr.av�er 5�.a11 n�t be re�eased frorn <br /> B4�'�'DW��'�S ob��g�.tzons and ��abil���r unde�� �h�s Secur�ty Zns�ruznent un�ess Lender agrees �o such re�ease �n <br /> u�r��ing. The covenari�s and agreemen�s of�h�s Secu�zty Insti�umen� sha�l bind �excep� a� pro�xd�d �n S��t�on <br /> ���and�enefi�th�successo�•s and asszgn�tif Lender.. <br /> 14. Loan �harges. Lender may charge Borrower fees far services perfarmed in c�nnection wi�h <br /> F�orrovver's default, for �he pu�rpose of pra�ec�zng Lender's in�eres� in i:he Pro�erty and �rights unde�r this <br /> Secur�tiy Znstirume��, i�cXuding, bu�n�t �imi��ci to, attorneys' fees, p��aper�y inspec�xori and va�ua�ion fees, In <br /> regaard �� any a�he�r fees, �he absen�e af express au�har�ty �n�h�s Security 7r�stru�x�.et�.��� charge a sp�cif�c fee�a <br /> F3�rr�t�ve�r sha]I no�be cons�rued as a prahibi�ion on�h�charging �f such fee. L�nder may not �harge fee� �ha� <br /> are expres�ly prahibited by�;his Security�nstrumen�or by Applicable L,aw, <br /> If�hc Laan is subject�o a la�v which sets ma�imum iaan charges, a�ad that la�� is��a�Iy int�rpxe��d so�hat <br /> the xnteres� �r oth��r laan charges co�lec�ed or�a be co�lected in connectfon vvith�he Loat� exce�d th�p��mit�ed <br /> �imits, �hen: �a} any such �oan charge shall be redueed by �he amouri� r�ecessary �o reduce �he cha��e t:o the <br /> pernnit�ed limit; and �b� any sums air�ady Goilec�ed firom F3orrower wh�ch exceeded pe�mi�ted Iimi�s wili be <br /> refunded tfl Barro�er, Lender may choosa��ma��e this refund by xeducin� �he principa� owed under the l�nte <br /> nr by making a direcl: payment to I3o�rawer. �f a refund reduces pr�tacipal, th� r�duc�ian wi�l b� �reated as a <br /> partial prepayment withaul:any prepa�men�charge ��vhe�her a� no�a�repayment chaxge is provzded For under <br /> NEB�AS�A-5ingle Farnily �Fannie 11rlaetFreddie�a�UNIF�RM[IVSTRUI�ENT <br /> Form 3D28�!4'I <br /> L.aser Forms In�,�8fl��4�6-�555 <br /> L.�'I#FNMA30�8�t�1 Page 9 of 13 I n i�ials;� � <br /> ...._� ^.._ <br />
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